Statute
Section Sch5-7 — Income Tax Act 2007
Text of the provision Official document
7 The highest of the following amounts is the relevant amount for clause 4(c): (a) the tax value of the vehicle under this schedule for whichever of person A or person B last used tax value for the vehicle under clause 1, immediately before the last disposal of the vehicle by that person: (b) the cost of the vehicle to person A on the last acquisition of it by them.
Official source: legislation.govt.nz
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